2016 ANNUAL REPORT 1 Table of Contents

7 A LETTER FROM THE CHAIRMEN

8 EXECUTIVE SUMMARY

9 KEY PERFORMANCE METRICS

10 2016 ACCOMPLISHMENTS AT A GLANCE

11-14 STRATEGIC IMPERATIVE #1: ECONOMIC DEVELOPMENT Key economic development partners BizCONNECT FutuReady In-region and site selector recruitment familiarization tours Out-of-market lead generation recruitment trips Economic development by the numbers Economic development companies list

15-16 STRATEGIC IMPERATIVE #2: GLOBAL COMPETITIVENESS International delegation visits Global initiatives Research center Publish and implement legislative strategy

17-19 STRATEGIC IMPERATIVE #3: MARKETING & COMMUNICATIONS Launch of Connection Points and PERSPECTIVE Update newsletters Events and Discussions WaterStart rebrand & national media attention Communicating public policy priorities

20 STRATEGIC IMPERATIVE #4: OPERATIONAL EXCELLENCE LVGEA 2016 Revenues and Expenses Financials Year-end actual income Year-end actual expenses

21-24 INVESTORS

25 LOOKING AHEAD A Letter from Jonas Peterson, President & CEO

2 2016 Officers & Executive Committee

OFFICERS

Raymond Specht John S. Delikanakis Kirk V. Clausen CHAIRMAN VICE-CHAIRMAN/SECRETARY TREASURER Vice Chairman of Toyota Financial Partner at Snell & Wilmer L.L.P. Nevada Region President of Savings Bank Wells Fargo Bank N.A.

EXECUTIVE COMMITTEE

Glenn C. Christenson Richard T. Crawford Derrick R. Hill Jeff Parker Frank R. Woodbeck MANAGING DIRECTOR CHAIRMAN/FOUNDER VICE PRESIDENT VICE PRESIDENT EXECUTIVE DIRECTOR Velstand Investments, LLC Green Valley Grocery Cox Business/Hospitality Network Manpower Nevada College Collaborative for at Cox Communications Nevada System of Higher Education

3 2016 Board of Directors

John Bailey Shelley Berkley Michael J. Bonner Susan Brager Brian Brannman MANAGING PARTNER CEO & SENIOR PROVOST CO-MANAGING CLARK COUNTY PRESIDENT/CEO, Bailey Kennedy, LLP Touro University Western SHAREHOLDER COMMISSIONER, DISTRICT F SIENA CAMPUS Division Greenberg Traurig, LLP County of Clark Dignity Health - St. Rose Dominican Hospitals

Michael J. Brown Jason Bruckman Don Burnette John Cannito Dave Cheval PRESIDENT REGIONAL VICE PRESIDENT COUNTY MANAGER COO DIVISION PRESIDENT Barrick Gold USA Eastridge Workforce Solutions County of Clark The PENTA Building Group Stewart Title Company

Michael Cunningham Jennifer DeHaven Betsy Fretwell Donald J. Giancursio Carolyn G. Goodman EVP, REGIONAL PRESIDENT PRESIDENT & CEO CITY MANAGER CEO / NV, UT, & ID MARKETS MAYOR Bank of Nevada Millenium Staffing Solutions City of Las Vegas UnitedHealthcare Nevada City of Las Vegas

Rich Green James Holt Len Jessup Ben Kieckhefer Ken Ladd COUNCILMAN PRESIDENT PRESIDENT DIRECTOR OF SPECIAL ASSISTANT TO THE City of Mesquite National Security Technologies, University of Nevada, Las Vegas CLIENT RELATIONS PRESIDENT FOR GOVERNMENT LLC McDonald Carano Wilson LLP AND COMMUNITY AFFAIRS Desert Research Institute

4 2016 Board of Directors

John J. Lee Robert E. Lewis Frank Martin John Martino John F. Marz MAYOR PRESIDENT PRESIDENT HENDERSON SITE DIRECTOR COUNCILMAN - WARD III City of North Las Vegas Lewis Management Corp. Martin-Harris Construction Barclaycard U.S. City of Henderson

Michael Murphy Bill Noonan Kevin T. Orrock Tim Oudman Bart Patterson PRESIDENT & SVP INDUSTRY & PRESIDENT, SUMMERLIN MARKET VICE PRESIDENT PRESIDENT GENERAL MANAGER GOVERNMENT AFFAIRS AT The Howard Hughes Republic Services of Nevada State College Anthem Blue Cross and Blue BOYD GAMING Corporation Southern Nevada Shield in Nevada Las Vegas Metro Chamber of Commerce

Shannon Petersen Michael D. Richards Randy Robison Brad Schnepf Mary Simmons EVP/STATEWIDE CORPORATE PRESIDENT DIRECTOR STATE EXECUTIVE VICE PRESIDENT VICE PRESIDENT OF BANKING MANAGER College of Southern Nevada LEGISLATIVE AFFAIRS Marnell Properties BUSINESS DEVELOPMENT & Nevada State Bank CenturyLink® COMMUNITY STRATEGY NV Energy

Spencer Stewart Cam Walker Clark Wood CHANCELLOR MAYOR PRO TEM SENIOR VP WGU Nevada City of Boulder City MARKET PRESIDENT U.S. Bank

5 LVGEA Team

Jonas R. Peterson Jared Smith Terrence Thornton Perry Ursem MORGAN BUNKER PRESIDENT AND CHIEF CHIEF OPERATING OFFICER VICE PRESIDENT OF VICE PRESIDENT OF VICE PRESIDENT EXECUTIVE OFFICER INVESTOR SERVICES AND BUSINESS RETENTION COMMUNITY & ECONOMIC DEVELOPMENT AND EXPANSION DEVELOPMENT

Michael Walsh Antoinette Monroe Anthony J. Ruiz Michael Gordon, Ph.D. Nicole K. Santero VICE PRESIDENT OF DIRECTOR OF OPERATIONS SENIOR DIRECTOR, DIRECTOR OF STRATEGIC DIRECTOR OF ECONOMIC DEVELOPMENT COMMUNICATIONS AND INITIATIVES AND RESEARCH MEDIA RELATIONS PUBLIC AFFAIRS

Kathy Parker Ariel Riley Chaad Taylor Veronica Turner Gayle Anderson SENIOR EXECUTIVE INVESTOR SERVICES AND SPECIAL PROJECTS ADMINISTRATIVE PROTOCOL OFFICER ADMINISTRATOR EVENTS MANAGER COORDINATOR COORDINATOR

Kevin Bessey ECONOMIC DEVELOPMENT COORDINATOR

6 A Letter from the Chairmen

Southern Nevada is again on the rise. Thanks to the business, political, and community leaders who supported LVGEA’s mission to grow and diversify the Southern Nevada economy, 2016 proved to be a record-setting year for economic development.

Unemployment in Southern Nevada is at its lowest level since 2007. We have one of the fastest growing job markets in the nation, and our population continues to grow. All are positive signs that Southern Nevada’s economy will continue to flourish and expand.

LVGEA’s strategy in 2016 has been to encourage community development and connectivity while aggressively and strategically recruit new industries while helping existing businesses to expand. We are proud to say that this strategy Raymond Specht is working. 2016 Chairman, LVGEA Vice Chairman, In 2016, the LVGEA worked with its members, community leaders, and various Toyota Financial Savings Bank political partners such as the Governor’s Office for Economic Development to attract 7,260 jobs to Southern Nevada. These jobs were created by dynamic companies like Amazon, the Honest Company, Hyperloop One, Sutherland Global, and Faraday Future. They are projected to have a $6 billion economic impact in our region over the next year. Companies that could do business anywhere in the world selected Southern Nevada and confirmed globally that Nevada is an excellent place to do business and an excellent place to live.

In furtherance of that strategy, the LVGEA led the Southern Nevada business community in efforts to reform Nevada’s and Clark County’s educational system to create the competent workforce that businesses demand and that families moving to Southern Nevada deserve. LVGEA also partnered with various Southern Nevada chambers of commerce to create a Council of Chambers. Its purpose is to foster unanimity of mission among the chambers in conjunction with the LVGEA, and when possible, to speak with one voice as to economic development, particularly in the upcoming legislative session.

We are also pleased to report that the LVGEA continued to grow its board of John S. Delikanakis directors to 46 members. The LVGEA has one of largest C-level business board in Incoming 2017 Chairman, LVGEA the southwestern United States, representing an incredible wealth of business and Partner, Snell & Wilmer L.L.P community knowledge dedicated to expanding and diversifying our economy. We believe that 2016 has been a successful year. We believe that we can all build on that success in the coming year to expand and diversify Southern Nevada’s economy even more. We hope you will take a few minutes to read this report and learn of the many ways the LVGEA is effecting positive change in Southern Nevada and what it hopes to accomplish in 2017.

7 Executive Summary

The economy of Southern Nevada continues to recover from the previous economic downturn, thanks to the hard work of organizations like the Las Vegas Global Economic Alliance. All told, the LVGEA and its regional partners were able to add 7,260 jobs over 12 months, which will have a $6 billion economic impact over the next year.

The LVGEA is able to succeed because it is driven by its mission to help Nevada’s residents thrive in a global economy by fostering a more prosperous, diverse, and connected regional economy. Since its reformation in 2012, the LVGEA has become a respected leader in economic development for its contributions in helping Nevada’s economy bounce back after the Great Recession. The organization has dedicated itself to growing Southern Nevada’s economy through connectivity, community development, and aggressive business recruitment, retention, and outreach. With the support of our community partners and investors, the LVGEA has become one of the most productive community and economic development organizations in the Southwest.

THE LVGEA’S MISSION IS GUIDED BY OUR FOUR STRATEGIC IMPERATIVES:

1. Economic Development 2. Global Competitiveness 3. Marketing & Communications 4. Operational Excellence

In the following pages, you’ll see how the LVGEA’s mission and strategic plan drove everything it did in 2016.

8 Key Performance Metrics

The Las Vegas Global Economic Alliance publishes an Action Plan that informs all activities of the organization. The LVGEA measures its progress on achieving its mission and the strategic imperatives listed in its Action Plan by tracking key performance metrics. While much of the organization’s activity and actions must be measured quantitatively, the key performance indicators measure our qualitative economic and community development progress.

KEY PERFORMANCE METRICS

Strategy Metric Threshold Target Year End Performance

Total Businesses Attracted or Expanded 24 38 30 Businesses Attracted 19 25 17 > Businesses Attracted (Direct) 18 20 16 > Businesses Attracted (Indirect) 1 5 1 Total Jobs Attracted or Expanded 5500 6750 7260 Jobs Attracted 5300 6250 5554 > Jobs Attracted (Direct) 1300 1700 5483 > Jobs Attracted (Indirect) 10 30 40 Businesses Expanded 5 13 13 I - Lead, Facilitate > Jobs Expanded 300 500 1692 & Steward Regional Retention / Expansion Outreach (Survey + In-Person) 96 120 1692 Economic Development Retention / Expansion Outreach (Online) 2000 2500 2517 Client Inquiries 100 130 170 Client Site Visits 50 70 71 Capital Investment $150,000,000 $200,000,000 $1,649,574,021 1-year Fiscal Impact $9,000,000 $12,000,000 $122,220,835 1-year Economic Impact (Direct + In-kind) $700,000,000 $900,000,000 $6,017,067,901 Global Relocations 1 2 1 Corporate HQ Relocations 3 6 1 Convention + Tradeshow Participation 5 15 1

II - Elevate Southern Research and/or Community Policy Reports Generated (YTD) 1 2 1 Nevada’s Position As A Global Business Location Investment in Grow - LV (YTD- cummulative) $0 $25,000 $58,925

Social Media Engagement Index 4.32 5 5.4

III - Deliver Impactful Press Hits in Southern Nevada (YTD) 45 65 106 Marketing & Press Hits outside Southern Nevada (YTD) 4 6 72 Communications Web Traffic (Monthly Average Hits) 4,000 6,000 8,930 Contacts in CRM database 2500 5000 5,193

IV - Maintain Operational Revenue (Cash + In-kind) $3,800,000 $4,000,000 $4,015,495 Excellence Number of Major Investors ($25 K+) (YTD) 40 50 47

9 2016 Accomplishments at a Glance

Over the past 12 months, the Las Vegas Global Economic Alliance worked to enact our mission of growing the economy of Southern Nevada through connectivity, community development, and aggressive business recruitment, retention, and outreach.

Here are our TOP 10 ACCOMPLISHMENTS:

The LVGEA worked with regional partners to help facilitate 32 business expansions and relocations, which are 01 projected to create 7,260 new jobs in the community.

The LVGEA’s Board of Directors unanimously approved the organization’s first-ever Public Policy Guiding 02 Principles as a reference for federal, state, and local policy makers on what matters most to economic development in Southern Nevada.

The LVGEA has the largest C-level business board in Southern Nevada, now with 46 members. It continues 03 to make strides as part of its “Drive to 50” campaign, an initiative to bring together 50 of the region’s most influential public, private, and educational leaders to serve on its board of directors.

The LVGEA released an updated two-year Action Plan that will guide the organization’s efforts to strengthen and 04 diversify Southern Nevada through 2017.

The LVGEA launched a Research Center designed to help business and community leaders make informed 05 decisions about the Southern Nevada economy.

In the fall, the LVGEA launched a comprehensive Data Portal with advanced regional mapping tools and 06 thousands of economic indicators and data points updated in real-time.

In partnership with the Perspective Council, the LVGEA launched two new quarterly newsletters—Perspective 07 Update and Connection Points—that provide enhanced market research, analysis, and community polling.

The LVGEA reached agreements with UNLV’s Small Business Development Center and Nevada Industry 08 Excellence in order to deliver coordinated business development services. Through the new partnership, both entities will utilize office space at LVGEA to meet with prospective clients.

Along with the Governor’s Office of Economic Development and WaterStart, LVGEA participated in trade 09 missions to Australia and Singapore in order to strengthen ties with private industry leaders interested in pursuing business opportunities in Southern Nevada.

The LVGEA continued to advance its community development efforts around education, partnering with the Metro Chamber of Commerce and many others to launch the B.E. Engaged conference in support of education 10 and worked with Nevada Succeeds to form a coalition of business leaders to develop specific policies that will lead to greater success for students.

10 Strategic Imperative 1: Lead, Facilitate & Steward Regional Economic Development

KEY ECONOMIC DEVLOPMENT PARTNERS GOED In 2011, Governor Brian Sandoval and legislative leaders changed the way that economic development was done in the state of Nevada by passing Assembly Bill 449. The legislation dissolved Nevada’s old economic development structures and created an all new Governor’s Office of Economic Development (GOED). Today’s GOED works with the LVGEA to facilitate economic development incentives, fund economic development activities, and recruit new companies to the region.

EDAG In 2012, to ensure that the region moved as one on economic development issues, the LVGEA formed the Southern Nevada Economic Development Advisory Group (EDAG). This group helps the LVGEA coordinate and prioritize economic development activities throughout the region.

The LVGEA would like to thank the following members of EDAG:

• Boulder City Economic Vitality • Laughlin Economic Development • NV Energy Commission Corporation • Southwest Gas Corporation • Clark County • Mesquite Regional Business, Inc. • University of Nevada, Las Vegas • Governor’s Office of Economic • Nevada Industry Excellence • Workforce CONNECTIONS Development • Nevada Department of Employment, • City of Henderson; City of Las Vegas Training and Rehabilitation • Las Vegas Global Economic Alliance • City of North Las Vegas

COUNCIL OF CHAMBERS The LVGEA partners with numerous organizations to foster and facilitate economic growth and vitality in Southern Nevada. As an extension of those efforts, the LVGEA convenes a Council of Chambers in order to help increase collaboration and build consensus around high-level priorities affecting the business community in the region.

The LVGEA would like to thank the following members of the Council of Chambers:

• Asian Chamber of Commerce • Latin Chamber of Commerce • Mesquite Chamber of Commerce • Boulder City Chamber of Commerce • Las Vegas Metro Chamber of Commerce • Urban Chamber of Commerce • Henderson Chamber of Commerce • Laughlin Chamber of Commerce

BizCONNECT

BizCONNECT is a powerful tool to help grow local businesses. More than 80 percent of our region’s new jobs come not from recruiting new firms to the region, but from the expansion of existing firms that already have a presence in the region. 2016 was another great year to witness the impact that the BizCONNECT program is having on the community, with more than 120 one-to-one visits over the course of the year. The success of BizCONNECT is directly related to our partners in the community, specifically the Governor’s Office of Economic Development; the cities of Las Vegas, North Las Vegas, Henderson, Mesquite, and Boulder City; Laughlin Township; and Clark County. Additional partnerships that made our 2016 outreach successful include Nevada Industry Excellence, Nevada Small Business Development Center, Henderson Chamber of Commerce, Nevada’s Office of Business and Industry, NVEnergy, and Nevada’s Department of Employment, Training and Rehabilitation.

11 FUTUREADY

The LVGEA and the Clark County School District (CCSD) co-founded FutuReady to recognize national award-winning Career and Technical Academies (CTA) and Magnet high schools that are producing career-ready graduates. By engaging local industry leaders, the end goal is to establish workforce pipelines for local companies to address ongoing skill gaps. These pipelines will also serve as a recruitment tool for relocating businesses to Southern Nevada seeking similar talent.

Five tours in 2016 at various CTAs continued to forge a successful path of industry engagement with CCSD. Below are three successful partnerships that were highlighted through these efforts.

Clearwater Paper in North Las Vegas partnered with Southeast Career and Technical Academy (SECTA) to provide teacher internships over the summer, to empower SECTA’s new FANUC Robotics Lab currently under development. Student internships are now being explored as SECTA brings FANUC robotics online in 2017. Creech Air Force Base partnered with Rancho High School, providing student tours of military unmanned aerial systems being operated globally. MGM Resorts International partnered with Northwest Career and Technical Academy (NWCTA), providing food and beverage expertise to their culinary programs in the form of classroom mentoring and end of the school year capstone judging.

For the 2016-2017 FutuReady tour schedule, three additional tours have also been planned specifically for students to experience and engage first-hand with local industry. In October, 50 students from Southwest Career and Technical Academy toured Young Electric Sign Company, and 40 students from East Career and Technical Academy toured Martin-Harris Construction’s Corporate Office and the Amazon Distribution Center job site. In February 2017, 50 NWCTA students will tour the back-of-house culinary operations at MGM’s Aria Resort & Casino.

The FutuReady business engagement model is currently being explored with other higher educational partners in the region. Stay tuned in 2017 as FutuReady evolves to highlight even more programs and students that align with local industry needs. To learn more about FutuReady, RSVP for upcoming events, or get involved, go to www.futureadytours.com

NEW PARTNERSHIPS

SMALL BUSINESS DEVELOPMENT CENTER The LVGEA and UNLV’s Small Business Development Center (SBDC) signed a memorandum of understanding in April, in order to enhance efforts directed at small business development and entrepreneurs. Through the agreement, the SBDC will provide guidance to private-sector leaders interested in developing their businesses in the area. In return, the LVGEA will provide office and conference room space to UNLV’s SBDC to meet with prospective clients. The LVGEA will also provide the SBDC with information and networking assistance that will support them in helping their clients.

NEVADA INDUSTRY EXCELLENCE In May, the LVGEA and Nevada Industry Excellence reached an agreement to deliver coordinated business development services in Southern Nevada. As part of the agreement, Nevada Industry Excellence will utilize office space at the LVGEA’s location at Marnell Corporate Center. Partnerships like these continue to strengthen the alliance dedicated to economic and community development in the region.

12 IN-REGION AND SITE SELECTOR RECRUITMENT FAMILIARIZATION TOURS

The LVGEA partners with community leaders to showcase their area’s assets, weaknesses, and needs in an effort to better understand these areas so that we can support them as best as possible. With this in mind, the LVGEA hosts in-region familiarization tours, giving Southern Nevada economic development partners the opportunity to tour each municipality, including unincorporated Clark County. One tour is hosted each quarter, with Mesquite and Laughlin being highlighted in 2016. In-region familiarization tours in 2017 will be in Henderson, Boulder City, City of Las Vegas, and City of North Las Vegas.

Site selector familiarization tours are also hosted by the LVGEA to get an in-depth perspective of Southern Nevada’s assets, strengths, and opportunities relevant to business and quality of life. In 2016, this three-day event gave local participants the chance to meet with seven national site selectors who were in attendance, including Ernst and Young and C.B. Richard Ellis. Local participants of the site selector familiarization tour were UNLV, Nevada State College, College of Southern Nevada, Nevada College Collaborative, Caesar’s Entertainment, NV Energy, GOED, EDAG, Eastridge, Manpower, and Martin-Harris Construction.

OUT-OF-MARKET LEAD GENERATION/RECRUITMENT TRIPS

In 2016, the LVGEA’s Business Development Team executed five Lead Generation missions in locations including San Diego, Los Angeles, San Francisco, and Australia. The LVGEA met with more than 25 companies from various industry sectors, such as information technology, alternative energy, manufacturing, and healthcare. In 2017, the LVGEA expects to increase these efforts and diversify the targeted locations.

13 ECONOMIC DEVELOPMENT BY THE NUMBERS

Through the LVGEA’s aggressive business expansion, attraction, and retention efforts, Southern Nevada’s economy made amazing gains. The numbers speak for themselves:

120 local $1.65 billion $6 billion BUSINESS RETENTION AND CAPITAL INVESTED 1 YEAR ECONOMIC EXPANSION MEETINGS IMPACT 32 new $122 million AND EXPANDED IN LOCAL AND STATE TAX 7,260 Jobs COMPANIES REVENUE IN THE PAST YEAR

ECONOMIC DEVELOPMENT COMPANIES LIST

A central part of the Las Vegas Global Economic Alliance’s mission is to help attract, expand, and retain businesses in Southern Nevada. The organization’s staff dedicates their time to marketing Southern Nevada as an attractive business location and assisting clients in every facet of relocating or expanding to the region. In 2016, the LVGEA assisted 32 companies, which are projected to create 7,260 jobs in our region. These companies are:

• AeroTargets • Faraday Future • Plasticard Locktech International • Alliance Workforce Sollutions • Frontier Armory • Revenue Media Group • Amazon • Grand Canyon Air • Southern Enterprises • Arroweye • The Honest Company • Shelby • Bresmed • Hyperloop One • Site1 • Carelian Caviar • Hyve Works, LLC • Sutherland Global Services • Clearwater • MBD Wheel and Brake Repair & Services • Tectonics • Core-Mark International LLC • TH Foods • Cultiva • Ntooitive Digital LLC • Turano Bread • Erickson Intl. • Pacific Dental • Via West • Fanatics • Papillion • Western Group Packaging

14 Strategic Imperative 2: Elevate Southern Nevada’s Position as a Global Business Location

INTERNATIONAL DELEGATION VISITS

The LVGEA recognizes that Southern Nevada has the potential to be a global leader in economic development. This is why the organization has taken an active role in implementing programs and making connections that will elevate Southern Nevada as a Global Business Location, and is committed to attracting international business and capital to grow the Las Vegas economy.

DELEGATIONS PRIME MINISTERS AMBASSADOR CONSUL HOSTED HOSTED VISITS GENERAL VISITS Armenia India Armenia Australia Japan China Botswana Austria Korea India Equador China Mexico Korea Lithuania Czech Republic New Zealand Romania Romania Germany South Africa Singapore India Switzerland

GLOBAL INITIATIVES

It is the LVGEA’s vision to help Southern Nevada residents thrive in a global economy by fostering a more prosperous, diverse, and connected regional economy.

TRADE MISSION TO AUSTRALIA Led by Governor Brian Sandoval, Southern Nevada economic development representatives traveled to Australia in August as part of a Nevada Trade Delegation. Along with GOED, the LVGEA joined other participants from the City of Las Vegas. With stops in Melbourne, Sydney, and Brisbane, the LVGEA met with Australian private industry leaders interested in pursuing or strengthening business ties in Southern Nevada, focusing on the areas of water technology commercialization, research and education, mining, tourism and gaming, and unmanned vehicle technology.

WATERSTART WaterStart, formerly the Nevada Water Center of Excellence, is a cluster of global leaders in the implementation of water innovation. Building on prior experience with the company, the LVGEA has worked with WaterStart and its partners at GOED and the Desert Research Institute to amplify and publicize its activities and accomplishments. This year, the LVGEA accompanied WaterStart to Singapore and conducted business development meetings in an effort to attract innovative water technologies. In helping WaterStart tell its story and shepherd business clients into the market, the LVGEA actively prioritized efforts in the innovation economy to help secure our water future for decades to come.

15 RESEARCH CENTER

In 2016, the LVGEA launched a Research Center designed to help business and community leaders make informed decisions about the Southern Nevada economy. The Research Center has led to the creation of a Data Portal, as well as the launch of studies that have been conducted in order to gain better insights into economic development in the region.

DATA PORTAL Because the LVGEA and all businesses are data driven, a Data Portal with advanced regional mapping tools and thousands of economic indicators and data points updated in real-time was designed to provide information about Southern Nevada’s vibrant economy and its diverse population base. The Data Portal is a gateway that provides visualizations of how the region is trending, where businesses are located, and comparisons of this market to others around the United States.

CEDS UPDATE The Comprehensive Economic Development Strategy (CEDS) serves as a blueprint for regional planning in Southern Nevada. As required by the U.S. Economic Development Administration, the CEDS integrates local planning efforts through a robust process by enhancing cooperation among our partners on a regional level. The CEDS document is updated each year and can be found via lvgea.org.

FUTURE FORECAST EVENT The LVGEA also launched a study by John Restrepo and RCG Economics on the topic of land development in Southern Nevada. The event, Future Forecast: Industrial Development, featured a presentation of the report by Restrepo, as well as a panel of development experts from the Southwestern United States.

PUBLISH AND IMPLEMENT LEGISLATIVE STRATEGY

In 2016, the LVGEA established a set of public policy guiding principles for the first time in its 60-year history. The policy principles are a reference for policy makers on what matters most to economic development in Southern Nevada. By working together on these core issues, we can create more high-value jobs and stronger communities.

The principles include advanced economic development programs and services, enhanced education and workforce, competitive tax and regulatory environments, efficient and reliable infrastructure, and international opportunities.

16 Strategic Imperative 3: Deliver Impactful Marketing & Communications

LAUNCH OF CONNECTION POINTS & PERSPECTIVE UPDATE NEWSLETTERS

The LVGEA launched two quarterly newsletters that provide enhanced market research, analysis, and community polling.

CONNECTION POINTS Connection Points allows community members and partners to take an active role in the future of Southern Nevada by staying up-to-date with economic development news in the region. The newsletter includes updates on the latest LVGEA news and media mentions, as well as information of how partners can get involved with the organization.

PERSPECTIVE UPDATE The LVGEA believes economic development is a team sport that benefits greatly from informed opinion, research, and community polling. With this in mind, the PERSPECTIVE Update e-newsletter highlights a significant theme—from education to infrastructure to economic competitiveness—each edition.

WATERSTART REBRAND & NATIONAL MEDIA ATTENTION

This year, the LVGEA significantly bolstered its efforts by providing marketing and communications services for WaterStart (formerly the Nevada Water Center of Excellence), as it rebranded and unveiled a new website. The new www.waterstart. com highlights the company’s approach, including identifying the technology needs of its partners, business recruitment and workforce development.

WaterStart’s repositioning comes at a time when water resource management and sustainability will be vital to maintaining quality of life and economic development in communities around the world. With world-renowned experts at the helm, WaterStart is poised to become a leading source for water research, innovation, and commercialization. WaterStart received national media attention, as it has been featured in publications like Forbes, POLITICO Magazine, CCTV, and NPR – On Point Magazine, for its work in making Nevada a channel for innovation by leveraging the state’s leadership and expertise in water.

17 EVENTS & DISCUSSIONS

2016 STATE OF ECONOMIC DEVELOPMENT The LVGEA held its second-annual State of Economic Development event in January. The event featured Steve Hill, Executive Director of GOED; Jonas Peterson, CEO and President of the LVGEA; and a municipality round table discussion. Hill and Peterson shared economic development insights and outlooks for the region, and updates were given from the seven county and municipality economic development representatives.

B.E. ENGAGED SUMMIT Along with the Las Vegas Metro Chamber, the LVGEA co-hosted the Business + Education (BE) Engaged Conference, where Southern Nevada’s leading business organizations came together to commit time, talent, and resources in order to accelerate student achievement. The program highlighted four areas of need that are tied to student success in the classroom: 1) literacy; 2) poverty; 3) workforce development; and 4) human capital.

WHAT’S NEXT NEVADA? What’s Next Nevada is a broad-based effort linking Nevada’s education, business, political, and nonprofit communities, all working together as parents, business operators, and dedicated citizens. In May, recommendations of the coalition were unveiled and outlined further actions that need to be taken in order to strengthen our schools.

PERSPECTIVE EVENT The Las Vegas PERSPECTIVE, powered by the LVGEA Perspective Council, is Southern Nevada’s premier source of community and economic development data, analysis, and forecasting. The 2016 Perspective breakfast event was held in June and provided insights on data, analysis, and forecasting of economic development in Southern Nevada. Two panels were featured, highlighting growth through gaming, as well as economic forecasting.

2016 ANNUAL DINNER RECAP: DEVELOPOSSIBLE With 2016 marking 60 years of the organization, businesses came together during the LVGEA’s fourth-annual dinner—themed “DEVELOPOSSIBLE”—to celebrate the region’s successes. The event provided a networking opportunity for the Las Vegas business community and featured an evening of entertainment, as well as insight from LVGEA CEO and President Jonas Peterson. Keynote speaker and businessman Gabe Klein provided an inspirational inside look at how to break down the barriers between the public and private sectors in pursuit of a greater city and citizenry.

CONNECTION POINTS BREAKFAST: OUR TURN - MOVING NEVADA’S INFRASTRUCTURE FORWARD Infrastructure is crucial to the future of Southern Nevada, and to emphasize this, the LVGEA held a Connection Points breakfast that featured a discussion about how the region can increase connectivity and mobility in order to improve the economy.

18 COMMUNICATING PUBLIC POLICY PRIORITIES

BOARD RESOLUTIONS In 2016, the LVGEA Board of Directors approved resolutions on various issues.

In March, the board defended the commerce tax and announced its opposition to ballot initiatives designed to repeal portions of the broad-based business tax funding for K-12 education, stating that any ballot initiatives that defund education would have negative impacts on education programs that are now ensuring students have full-day kindergarten, career and technical education, classroom technology, and other important services.

The board also supported the extension of Fuel Revenue Indexing in May. From an economic development standpoint, supporting critical infrastructure needs is imperative in the LVGEA’s mission to grow the economy of Southern Nevada. Supporting the 10-year extension of the current program ensures that the Regional Transportation Commission gets the support they need to continue improve transportation systems and infrastructure, so that the entire community will be positively impacted for generations.

Lastly, in December, the board passed a resolution in support of the Clark County School District’s reorganization process and the role of the Community Implementation Council in implementing the reorganization framework as outlined in Assembly Bill 394 and regulations adopted by the State Board of Education.

SPECIAL LEGISLATIVE SESSION IN SUPPORT OF STADIUM AND CONVENTION CENTER EXPANSION In regards to the proposed stadium and convention center expansion projects as recommended by the Southern Nevada Tourism Infrastructure Committee (SNTIC), the LVGEA applauded the members of the SNTIC for unanimously approving plans to fund the expansion of our convention center facilities and build a new stadium in Southern Nevada. With tourism, convention, and hospitality industries being the foundation of our economy, these new world-class amenities together have the potential to diversify the tourism sector, deliver more than $1 billion of annual economic impact, and position Southern Nevada as a global leader for decades to come.

19 STRATEGIC IMPERATIVE 4: MAINTAIN OPERATIONAL EXCELLENCE

The LVGEA strives to provide our investors, partners, and community with extraordinary service, going above and beyond to meet Southern Nevada’s needs. The LVGEA works toward achieving operational excellence internally to provide quality service to our community externally.

LVGEA 2016 REVENUES AND EXPENSES

FINANCIALS The LVGEA is a public-private partnership and a 501(c)6 membership organization. The organization is funded through private and public investments, grants, and donations. The LVGEA holds itself accountable to the Southern Nevada community through a commitment to transparency.

As displayed in the revenue and expenditure chart below, the LVGEA had a 2016 balanced budget of $4.02 million.

YEAR-END TOTAL REVENUE YEAR-END ACTUAL EXPENSES January 1 - December 31, 2016 January 1 - December 31, 2016

State Funds 38% Economic Development 33% Investor Contributions 34% Community Development 15% Events/Grants/Other 17% Research 11% In-Kind Donations 11% Public Relations/Marketing/Communications 14% Events/Meetings/Other 10% Investor Relations 5% Operations 12%

20 Investors

INVESTOR RELATIONS The LVGEA is able to continue working hard to develop Southern Nevada’s economy through the dedication and generosity of its investors. At all levels, each of our investors contributes to the organization’s ability to address Las Vegas’ economic and community needs.

The LVGEA is encouraged by the businesses that have invested and made the commitment to prioritize regional economic development in Southern Nevada in 2016. Investment in the LVGEA allows the organization to expand its ability to address the economic and community needs of our region and secure Southern Nevada’s long-term future.

21 WHAT OUR INVESTORS ARE SAYING ABOUT THE LVGEA?

“Wells Fargo is proud to be a strategic supporter of the Las Vegas Global Economic Alliance and its efforts to help expand business and commerce opportunities to Southern Nevada.”

“NV Energy is committed Kirk V. Clausen, Nevada Region President, Wells Fargo to providing reliable and sustainable energy solutions at competitive prices. This is the best way for us to help the LVGEA to foster growth and provide healthy economic diversification for our communities.”

Mary Simmons, “The city of Las Vegas believes a strong, regional economic development Vice President of Business coalition is essential to our community’s economic health. Working together Development and with the LVGEA and our regional partners, we can continue to make strides Community Strategy, in growing our existing business base organically and by attracting new NV Energy companies to the region.”

Bill Arent, Director, City of Las Vegas Economic and Urban Development Department

“I had the honor of serving as an emcee for the LVGEA’s 60th anniversary gala in 2016, and what we learned was that Southern Nevada is DEVELOPOSSIBLE. Today, DEVELOPOSSIBLE is an ongoing reality as our region becomes home to ever more advanced and diverse businesses. At Cox Communications, we are extremely pleased to provide the important technologies to “The engaging team at business and residential customers that are the foundation of the LVGEA has been continuing economic growth and expansion in Southern Nevada.” instrumental in the success Derrick R. Hill, Vice President of Cox Business and of Creel’s operations in Hospitality Network, Cox Communications Southern Nevada for more than a decade. Supporting the efforts of the LVGEA is an obligation to any company that believes in Southern Nevada’s economic future.”

Allan G. Creel, President & CEO, “Green Valley Grocery is proud to work with Creel Printing the Las Vegas Global Economic Alliance and our regional partners to improve and diversify the business and commerce culture within Southern Nevada.”

Richard T. Crawford, President & Founder, Green Valley Grocery

22 PINNACLE INVESTOR

PRESIDENTIAL INVESTOR

CHAMPION INVESTOR

LEADERSHIP INVESTOR

F HIG O HE M R E T E S D

Y U S

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A A

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• Advanstaff HR • Highway Radio • Sunrise Hospital and Medical Center and • Cirque du Soleil • Holland & Hart LLP Sunrise Children’s Hospital • Coldwell Banker Premier Realty • Lotus Broadcasting • Vegas PBS • DiBella Flower’s & Gifts • MGM Resorts International • Four Season’s Hotel Las Vegas • Nevada Public Radio • Greater Las Vegas Association of • R&O Construction Realtors • Sempra US Gas & Energy

INVESTOR

• Ace World Wide Elite Relocation • Fair, Anderson & Langerman • RSM US LLP Services • Gardner Company • SolarCity • AirGo USA, LLC • Klai Juba Wald Architects • Southern Nevada Home Builders • Airport Concessionsaires LLC • Konami Gaming, Inc. Association • Anexeon, LLC • Las Vegas Convention & Visitors • State Farm Insurance Companies • Branch Benefits Consultants Authority • TH Foods, Inc. • Brownstein Hyatt Farber Schreck LLP. • Las Vegas Metro Chamber of Commerce • The Geary Company • Burke Construction Group • Link Technologies • ViaWest • CBRE, Inc. • Meadows Bank • Zappos.com, Inc. • City National Bank • Newmark Grubb Knight Frank • East West Bank • Olin Chlor Alkali Products • Everest College • One Nevada Credit Union

24 Looking Ahead 2016 was another big step for the LVGEA in its goal to become one of the most productive and influential economic development organizations in the Southwestern United States.

We attracted thousands of new jobs to Southern Nevada and helped businesses grow, creating a more stable and regionally connected economy.

We also celebrated the 60th year of our organization dating back to its beginnings with a group of dedicated individuals that saw the long-term potential in a small desert town called Las Vegas. And while we have made tremendous progress since that time, our mission to diversify and improve the economy of Southern Nevada has remained at the core of what we do.

The past 12 months have been another exceptional year for economic development in Southern Nevada. We continued our efforts to build relationships with our regional partners in order to help facilitate 32 business relocations and expansions, which Jonas Peterson are expected to add approximately 7,260 more jobs in the community. The LVGEA’s President & Chief Executive Officer Board of Directors has grown to 46 and is playing a vital role in business issues that are affecting our region’s economy.

2016 was also a year of many firsts. The LVGEA launched a new Research Center to provide clients with the market information they need and to help our region find solutions to community development issues. Our board of directors unanimously approved the organization’s first-ever Public Policy Guiding Principles as a reference for policy makers on what matters most to economic development. We also reached agreements with UNLV’s Small Business Development Center and Nevada Industry Excellence to deliver coordinated services in order to enhance our efforts directed at small business development and entrepreneurs.

It is time for LVGEA to take another leap forward in 2017. To do that, we will launch a series of new initiatives to further strengthen our economic development work, provide meaningful workforce tools, and elevate conversations around economic development, our future workforce and transportation in the next legislative session.

With your support, we will continue to grow our alliance so that all of Nevada will prosper today and in the long-run. On behalf of our board of directors and the entire LVGEA team, thank you.

Jonas Peterson President & Chief Executive Officer

25 Thank You We would like to thank the people and businesses of Southern Nevada for their continued support of the LVGEA to create jobs, diversify the economy, and position our region for growth in the global economy. The success of this organization would be impossible without you. Thank you, Southern Nevadans, for all the support you have shown. Here’s to a bright year ahead and an even brighter future in Southern Nevada.

60th Anniversary For 60 years, the LVGEA has worked to diversify and improve the economy of Southern Nevada. In 2016, the organization celebrated this milestone as it reflected on how far it has come and what it has to look forward to in the future.

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